The Closure of Indian Point and its Impact on the Hendrick Hudson School District

  • On January 9, 2017, the Hendrick Hudson School District learned that Entergy, owner of the Indian Point nuclear facility, located within the district’s boundaries, was planning to shut down by 2021.

    This closure will directly affect our district’s financial future. Indian Point has been a reliable business partner for decades, and Entergy’s payments in lieu of taxes (PILOT) have been a source of stabilized revenue – revenue that was slated to continue until 2025. Until April 30, 2020, these PILOT payments comprised approximately 30% of the district’s entire revenue and helped keep residents’ property taxes among the lowest in Westchester County.

    In 2025, the final year of the currently negotiated PILOT, the district would have received just shy of $27 million. Due to the shutdown, we will now receive just $1.3 million.

    Since the announcement of the closure, we have wasted no time addressing the impending revenue shortfall and determining how we will continue to provide a world-class education to students. There are a lot of moving parts to this situation, and we have created this page to serve as a repository for communication regarding the closure as we move through this process together. Here, you will find press releases, videos and podcasts, as well as general information about how nuclear facility closures affect their local communities.

    Thanks to vigorous advocacy and community engagement, over the next eight years the district will receive over $63 million in cessation funds to offset the PILOT reduction (click here to learn more about the NYS cessation fund) and help minimize tax spikes. Moreover, the district has assisted in drafting state and federal legislation to create additional revenue to the district, to offset future tax increases. Our voices have been heard in Albany and Washington, D.C.

    There is a clear need for up-to-date, accurate information about the Indian Point closure – both the impact on our schools and community and the many ways in which the district is responding. In addition to regular updates on this page, we will continue to post pertinent information in our website's news feed and on our social media platforms. We hope you will check back frequently to stay informed and involved!



Related Files

BOE Meeting - Indian Point Update, 10-23-19

BOE Meeting - Indian Point Update, 05-08-19